Treasurer of the State of North Carolina Has $55.39 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Treasurer of the State of North Carolina lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 918,212 shares of the ride-sharing company's stock after purchasing an additional 14,440 shares during the period. Treasurer of the State of North Carolina's holdings in Uber Technologies were worth $55,387,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC boosted its stake in shares of Uber Technologies by 11.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 39,635 shares of the ride-sharing company's stock valued at $2,979,000 after purchasing an additional 3,981 shares during the last quarter. M&T Bank Corp lifted its holdings in Uber Technologies by 4.8% in the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock valued at $13,161,000 after buying an additional 7,968 shares during the period. Coldstream Capital Management Inc. boosted its stake in Uber Technologies by 50.3% in the third quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company's stock valued at $1,805,000 after acquiring an additional 8,168 shares during the last quarter. Wilson & Boucher Capital Management LLC acquired a new stake in Uber Technologies during the 3rd quarter worth $237,000. Finally, Chiron Investment Management LLC raised its position in shares of Uber Technologies by 21.4% during the 3rd quarter. Chiron Investment Management LLC now owns 101,420 shares of the ride-sharing company's stock valued at $7,623,000 after acquiring an additional 17,881 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

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Uber Technologies Stock Performance

NYSE UBER traded up $0.74 on Monday, hitting $73.02. 4,947,500 shares of the stock were exchanged, compared to its average volume of 20,319,236. The company has a market capitalization of $152.74 billion, a PE ratio of 16.01, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business's fifty day moving average is $73.94 and its 200 day moving average is $71.44. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last three months. Insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of analyst reports. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. TD Cowen reduced their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $89.97.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.